EU Considers $108 Billion in Retaliatory Tariffs on US Over Trump's Greenland Threat

EU Considers Retaliatory Tariffs on US

The European Union is considering imposing $108 billion in retaliatory tariffs on the United States over President Trump's threat to impose tariffs on European goods until a deal is struck for the U.S. to acquire Greenland.

Background

The threat was made by President Trump on January 17, 2026, when he said he would impose new tariffs on some European goods until a deal is struck for the U.S. to acquire Greenland. This move has been met with strong opposition from the European Union, which is considering retaliatory measures.

EU's Response

The European Union is considering imposing $108 billion in retaliatory tariffs on the United States, according to reports from the Financial Times. This move would be a significant escalation of the trade tensions between the two sides.

Impact

The imposition of retaliatory tariffs by the European Union could have a significant impact on the U.S. economy, particularly on industries that rely heavily on European imports. It could also lead to a further escalation of trade tensions between the two sides.

Conclusion

The European Union's consideration of retaliatory tariffs on the United States over President Trump's threat to impose tariffs on European goods is a significant development in the ongoing trade tensions between the two sides. The imposition of such tariffs could have a significant impact on the U.S. economy and lead to a further escalation of trade tensions.

Sources

[4] EU considers $108 billion in retaliatory tariffs on US over Trump’s Greenland threat, FT reports
[7] Major EU states condemn Trump tariff threats, consider retaliation